IDEAS home Printed from https://ideas.repec.org/a/mes/jeciss/v60y2026i2p543-548.html

Commercial Credit as a Structural Moment of the Circuit of Capital

Author

Listed:
  • Takashi Satoh

Abstract

This article examines commercial credit as a structural element of the circuit of capital. Commercial credit, unlike money-lending, arises when commodities are exchanged for promises of future payment, generating credit relations without an initial loan. By introducing the fictitious construct of triangular exchange mediated by fictitious money, the article resolves two analytical difficulties and reformulates commercial credit as a fusion of the general formula of capital with debt and the form of money-lending capital. The analysis clarifies the dual foundation of commercial credit and offers insights into the genealogy of credit creation and the origins of corporate financialization.

Suggested Citation

  • Takashi Satoh, 2026. "Commercial Credit as a Structural Moment of the Circuit of Capital," Journal of Economic Issues, Taylor & Francis Journals, vol. 60(2), pages 543-548, April.
    • Handle: RePEc:mes:jeciss:v:60:y:2026:i:2:p:543-548
    DOI: 10.1080/00213624.2026.2657234
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00213624.2026.2657234
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00213624.2026.2657234?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:jeciss:v:60:y:2026:i:2:p:543-548. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MJEI20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.